We were very careful, Mr. Julian, when we struck the program to make sure that it was complementary and that it was bringing the private sector along. It's not a 100% guarantee that it is for new funding, and to actually get the guarantee the banks have to extend new credit and then they get, in the small case, an 80% guarantee and as we move up to the larger companies they get only a 75% guarantee. We've been very careful in the design of that program to actually bring the private sector along with us. That's one of the funding principles of EDC, which is to be complementary and commercial. By remaining commercial, we can ensure that we can step into commercial arrangements and then those that are complementary, making sure they are done with the private sector. We do not want to crowd out the private sector.
On June 9th, 2020. See this statement in context.